It Isn't Just Alibaba Stock. Latest China PMI Data Hit LVMH, Too.
China's services sector expanded at its slowest pace in eight months. The implications for companies exposed to Chinese consumers aren't good.
Source: marketwatch.com
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Top News In Ker Fr Today - Breaking & Trending Today
Luxury Stocks Are Going Out of Fashion. It's the China Syndrome.
The world's second biggest economy is in a slowdown. High-end retailers were counting on the wealthy opening their wallets. Now what?
Source: marketwatch.com
Capri Stock Soars as Tapestry Nears Deal to Buy Versace Owner
The merger would leave the combined company better placed to compete with the likes of LVMH Moët Hennessy Louis Vuitton and Gucci parent Kering.
Source: marketwatch.com
Coach Owner Takes on European Luxury Heavyweights
Tapestry’s mega deal attempts to imitate European luxury art of scale
Source: wsj.com
Gucci CEO Marco Bizzarri to Leave in Leadership Shuffle
Billionaire owner of luxury conglomerate says two executives will take over as his deputy CEOs as part of restructuring
Source: wsj.com